Want to know a hard truth?The very things that make us great at being business owners – willing to take risks, a never ending supply of new ideas – also tends to make us poor money managers. And while it’s become a lot less taboo to talk about and celebrate money wins (#yay!), no one is talking about being crappy with money. But I am. Today we’re going over five financial literacy blind spots to recognize if you want to increase your profit margins and pay yourself MORE.  Quick overview of what we cover:<ul><li>The investment fallacy that people in the online coaching space fall for…over and over</li><li>Why ‘spend more to make more’ thinking is a trap </li><li>What keeps your from paying yourself a consistent or robust salary </li><li>What amount of credit card debt is a red flag</li><li>How often is too often to feel stressed over money </li><li>The three things successful business owners are good at (and why you only need to be good at one of them) </li><li>A better metric to estimate when you want to increase your profit margins (that goes beyond what you’re making and keeping each year)</li><li>How to tell if you have goldfish finance syndrome</li></ul> RESOURCES: <ul><li><a href="http://soulpreneur.co/ceo">Click here</a> to join the Solopreneur to Scaling CEO no cost 3-day training for service business owners making $50-250k/year USD</li><li><a href="https://www.soulpreneur.co/lab">Click here</a> to join Sustainable Growth Lab</li><li><a href="https://www.soulpreneur.co/agency">Click here</a> to work with Adriane and the Soulpreneur Agency</li><li><a href="https://www.buzzsprout.com/2046868/11761251">Click here</a> for Episode 020, Purpose-Driven, Human-Centric Accounting and Business Finances with Keila Hill-Trawick</li></ul> LET’S CONNECT: <ul><li>Follow Soulpreneur: <a href="https://www.instagram.com/soulpreneur_co">@soulpreneur_co</a></li><li>Follow Sustainable Scaling: <a href="https://www.instagram.com/sustainablescaling">@sustainablescaling</a> </li><li>Follow Adriane <a href="https://www.instagram.com/adrianegalea">@adrianegalea</a></li><li>Visit the website: <a href="https://www.soulpreneur.co">soulpreneur.co</a></li></ul>- - - - - - - - - - - - - - - - Loved this episode? If you leave a review or share it with your friends on social, my team will send you a copy of one of our favorite business resources! Take a screenshot and email it over to us at <a href="mailto:support@soulpreneur.co">support@soulpreneur.co</a> or DM it to <a href="https://www.instagram.com/sustainablescaling/?hl=en">@sustainablescaling</a> This episode was first published at <a href="https://sustainablescaling.co/048">SustainableScaling.co/048</a>

Increasing Profit Margins and Paying Yourself a 6-Figure Salary